KEN 0.00% 1.3¢ kuth energy limited

kuth gets redi grant from federal government

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    KUTh REDI for Tasmanian hot rocks

    Friday, 22 February 2008

    TASMANIA-based geothermal energy explorer KUTh Energy has been offered a Federal Government Renewable Energy Development Initiative (REDI) grant to test a geothermal energy source that could provide cheaper and more rapid development than other hot rocks projects in Australia.

    KUTh believes its north-eastern Tasmania exploration permit contains a large, deep, natural fracture zone – the Tamar Conductivity Zone – filled with brine, which reaches into the buried extension of a known hot granite.

    The $1.8 million REDI grant has been offered to allow KUTh to test whether the granite has been naturally fractured and is saturated with hot water at depth.

    If it is, and is large enough to sustain electrical generation, KUTh will have proved a significant new geothermal energy type that could be developed without needing to undertake the costs and risks of fracture-stimulating the reservoir.

    KUTh Energy has over 14,000 square kilometres of Tasmanian acreage, which it is actively exploring for geothermal energy generation and for direct use heating and drying applications.
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